The total U.S. William Blair/PCO M&A Specialists Pest Index increased 9 percent year-over-year in November 2024, decelerating from the 12 percent result in October.
“After normalizing for one less workday in November, index performance grew at a low-double-digit rate, which was actually slightly higher than October and the long-term historical average,” said William Blair Equity Researcher Tim Mulrooney. “On a sequential basis, the index declined 14 percent from October, which is weaker relative to normal seasonal trends. Total pest revenue in the index typically declines at a high-single-digit rate sequentially in November.”
The November results are slightly below the long-term average pest index growth rate of 10 percent.
“We believe that this month’s results and the index trend reflect the nervousness of the general business community as it relates to the economy, inflation and interest rates,” added Dan Gordon, CPA, Pest Management Professional’s financial columnist and a partner in PCO Bookkeepers & M&A Specialists. “On the bright side, there is a new business-friendly administration heading to Washington, so we’ll keep an eye on future sentiment.”
The month’s results by segment include:
- Residential Pest Index increased 11 percent year-over-year.
- Commercial Pest Index increased 11 percent year-over-year.
- Termite Index was flat year-over year.
- Bed Bug Index increased 4 percent year-over-year.
- Mosquito Index increased 19 percent year-over-year.
About the William Blair/PCO Bookkeepers & M&A Specialists Pest Index
The William Blair/PCO Bookkeepers & M&A Specialists Pest Index tracks the monthly performance of 146 privately held pest control companies across 38 states with combined annual 2023 revenue of $515 million. The purpose of the report is to track the monthly performance of several different U.S. pest markets. It does not include residential door-to-door companies.
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